The Multi Commodity Exchange (MCX), India’s largest commodity trading platform, has introduced monthly Options contracts on the MCX iCOMDEX Bullion Index, known as MCX BULLDEX. This index covers the precious metals sector, particularly focusing on the most actively traded Gold and Silver Futures contracts available on the exchange.
The newly launched Options contracts provide market participants with a versatile risk management tool, integrating the benefits of a diverse range of underlying assets with the flexibility inherent in Options trading. According to MCX, BULLDEX offers a balanced exposure to both Gold and Silver, catering to the investment and hedging needs of individual investors and institutions alike in a convenient and cost-effective manner.
The introduction of Options on BULLDEX comes at a time when the popularity of Options is on the rise, often preferred over futures due to their cost efficiency. Furthermore, sector-specific Options, such as those on the BULLDEX index, are anticipated to attract increased interest from investors, particularly as the demand for bullion has surged amid significant price rallies.
Although gold prices have seen a recent decline, they have already yielded over a 55 percent return this year, with potential for further appreciation as global uncertainties persist. Praveena Rai, Managing Director and CEO of MCX, emphasized that Options on BULLDEX will diversify the product offerings within the commodity derivatives market, enabling participants to gain exposure to a collective portfolio of bullion-related commodities.
Published on October 27, 2025.
